About 30% Credit Card Use

shivamid6

shivamid6

KF Expert
Hi,

I have 2 Axis Bank Credit Cards both cards has a merged limit of 31k.

1st credit card bill generation date is 2nd of every month.
2nd credit card bill generation date is 13th of every month.

I know the 30% usage rule.

My question is, on 2nd of every month if my 1st card bill is less than 30% of merged overall limit
But
In my 2nd card I have used 1000 rs. till 2nd of the month.

Then in this case my 1st card usage will be counted as less than 30% or 2nd card spend will also be counted in it and it will be counted as more than 30% limit.

Please let me know.
 
wcgxlr8

wcgxlr8

KF Mentor
It will be based on your credit account (with 31K limit) and not based on your individual cards as they have a combined limit. So, try to keep the overall usage lower than ~9.3K as per the 30% logic.
 
V

Vara Prasad

KF Ace
It's the overall limit that matters.

Try to keep your expenses <9.3K.

Even if you spend more try to repay before the bill generation date as Axis bank reports to Credit agencies after your statement is generated.
 
Skylar

Skylar

KF Master
shivamid6 said:
Hi,

I have 2 Axis Bank Credit Cards both cards has a merged limit of 31k.

1st credit card bill generation date is 2nd of every month.
2nd credit card bill generation date is 13th of every month.

I know the 30% usage rule.

My question is, on 2nd of every month if my 1st card bill is less than 30% of merged overall limit
But
In my 2nd card I have used 1000 rs. till 2nd of the month.

Then in this case my 1st card usage will be counted as less than 30% or 2nd card spend will also be counted in it and it will be counted as more than 30% limit.

Please let me know.
Click to expand...
Which bank cards :unsure:?

- 30% rule is for people who have low credit score and what to improve it.

If your score is above 770, do not over think you can use up to 60% of the credit and it won't affect your score as long as you are paying the bill on time.
 
shivamid6

shivamid6

KF Expert
Skylar said:
Which bank cards :unsure:?

- 30% rule is for people who have low credit score and what to improve it.

If your score is above 770, do not over think you can use up to 60% of the credit and it won't affect your score as long as you are paying the bill on time.
Click to expand...
Axis Bank Credit Cards and my credit sore is 749
 
zacobite

zacobite

KF Mentor
shivamid6 said:
Hi,

I have 2 Axis Bank Credit Cards both cards has a merged limit of 31k.

1st credit card bill generation date is 2nd of every month.
2nd credit card bill generation date is 13th of every month.

I know the 30% usage rule.

My question is, on 2nd of every month if my 1st card bill is less than 30% of merged overall limit
But
In my 2nd card I have used 1000 rs. till 2nd of the month.

Then in this case my 1st card usage will be counted as less than 30% or 2nd card spend will also be counted in it and it will be counted as more than 30% limit.

Please let me know.
Click to expand...
counted end of month balance not billing date for axis bank
 
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